Neimeth grows profit by 66.39% in 2020

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By Kayode Tokede

Neimeth International Pharmaceuticals Plc, has released its statement of profit or loss and other comprehensive income for the year ended September 30, 2020 with turnover for the fourth quarter up by 4.26per cent to N1 billion from N960.738 million in Q4 2019.

The result released at the Nigerian Stock Exchange (NSE) showed that turnover for the full year grew to N3 billion from N2.371 billion in 2019.

Profit for the fourth quarter from continued operation dipped by 31.94per cent to N128.681 million from N189.076 million in Q4 2019.

However, profit for the full year rose by 66.39 per cent to N366.309 million from N220.147 million in 2019.